Gold seems to be quite a bit below the normal ratio and hence probably also the 24-month moving average. I haven't been able to find the moving average. Would seem to indicate there's room on the upside. I'm no gold bull, but I do think miners are extemely oversold and should offer great upside from here, particularly if gold does rebound.

I'm surprised that no one has mentioned the priceless conversion of the B warrants. You have to wait until 9 months from now but makes them have a bit more value than most are assigning them, methinks. Reference this from page 66 of the S-1;

If, on any trading day after the nine month anniversary of the date of issuance of the Series B warrants and ending on the 15 month anniversary of the date thereof, the “market price” of a share of our common stock is less than $3.25 (as adjusted for stock splits, stock dividends, extraordinary dividend recapitalization, reorganization, mergers and consolidation), then the holders of the Series B warrants may exercise the Series B warrants in a cashless exercise. This cashless exercise would permit such Series B warrant holder to obtain a number of shares of our common stock equal to 125% of (i) the dollar amount of Series B warrants being exercise divided by the market price less (ii) the number of shares into which such Series B warrant would then be exercised on a cash basis. The market price is defined as 85% of the average of five lowest volume weighted average prices for our common stock for the 15 trading days immediately preceding the exercise date. Each Series B warrant holder may only exercise the Series B warrants for a number of shares equal to 12.5% of the aggregate trading volume of our common stock on the date of exercise.

That's a good idea, Patrick. My plan has been to write something to coincide with the 10Q that will be out mid-October. This one shold show an overall profit, not just an operating profit. I'll PM you with my contact info and we'll go from there. I also have to change my user namer since they rarely will print something with an alias.

It is difficult in SA to do a story on a stock trading for less than $1 unless you are a very well known SA author or else pay for the Pro subscription. I fall into neither of those categories. I have tried in the past to get a Daybreak story published. I have not given up and plan to re-submit when the company shows a profit.

Someone is selling for whatever reason. It baffles me but everybody has their own reasons to sell. Hopefully this legacy holder will either run out of shares or the need for the money and we can return to a more realistic valuation.

Last week Daybreak announced a deal with Maximillian whereby the company purchased back from Max 5.7M shares that had been given to Max as part of the deal to increase the credit facility last year. Daybreak paid Max .30 for each share.

In consideration for this, Max agreed to waive the interest portion of the monthly LOC payment until $1M had been forgiven, and also reduced the interest another 3% so that it is now 9%.

This deal in effect works out to be revenue neutral for the company and it allows them to reduce interest payments going forward. That, and it removes those 5.7M shares from the marketplace. Those shares were canceled and removed from the authorized share count.

All in all a plus for the company.

I spoke with the CEO late last week and he said he was very pleased with this deal. The Kentucky wells are paying for themselves with their flush production and even though the stabilized production is a bit less than they would like, the gas production from each well is paying the on-going production cost and the wells add to the production base.

He also told me they have been steadily adding acreage in KY when it makes sense, both financially and from the standpoint of simplifying production from their existing leases.

Drilling in California should resume later this fall once some permitting issues are finalized.

It is highly likely that the next 10Q due out next month will show a profitable EPS figure. Production is up quite a bit from last quarter when there was an operating profit for the first time in the company's history.

Jeez. A few changes in the 10-Q and everybody wants to run for the hills. And do you really think that Maxim would only call one guy out of all the shareholders on this board? And an admittedly small one at that? I would hazard that I am perhaps one of the largest shareholders and I received no such call. Wouldn't you think they would reach out to large holders if they were desperate to find buyers? They could easily find my number if they were looking.

Some of you work so hard to find reasons to worry. Why not try working just as hard to find reasons to be excited about the future? Like ePower, our "unnamed" diesel stop/start partner, NSC, etc.

I may be blind, but stop for a minute and look at everything that has happened recently that is positive. IMO, until I'm proven wrong the positives greatly outweigh the negatives.

Things should get interesting after the show in Detroit. I looked at the speaker list at the battery show and I assume the "mystery guest" speaker from Axion will be the new CEO. Wouldn't make sense to send anyone else. I anticipate a LOT of interest in ePower at the show. Based on my visit to company headquarters last week I don't know how anyone can not want this in their trucks.

No, I did not see any kind of readout indicating mpg, but it would have been somewhat meaningless anyway since we were bobtailing. The proof will be in the pudding as they say, when we start hauling some real freight. I can say that Mario is very positive, and he has put many thousands of miles on the rig.

Just noticed I said "will be a few years". I should have said "may be a few years" because once word gets out in the trucking community I'm willing to bet things move very rapidly to get these trucks on the road.

I’m in Cincinnati on business this week and yesterday I took a drive over to Florence and spent an hour at ePower headquarters with Jay and the crew. I came away with a much better feeling about my investment in ePower, and consequently also about Axion. I can tell you this; ePower is going to be a very big deal, and they are going nowhere without the PbC.I first spent time looking at the big rig. I’ve been building custom cars all of my life and can really appreciate the amount of engineering and fabrication that went into this truck. Everything looks factory. You’d never guess that a couple guys built this in an old warehouse. From the motor mounts to the wiring harness, everything but the battery boxes were made in-house. Those were made by a local welding shop and are nicely made as well. Then we looked at the day cab. It’s getting a few upgrades made now to get it ready for the Electric and Hybrid Vehicle Technology Expo next month in Detroit. Again, the workmanship is top-notch.Then Jay asked if I wanted a ride. I was as giddy as a schoolboy at a chance at my first ever ride in a big rig. The fact that it is an ePower truck made it that much sweeter. Mario and I hopped in and he started it up. Once the air pressure built up he set the diesel to 1800 RPM and off we went. We had no trailer and I didn’t know what to expect, but I tell you this thing can move. Mario said even with 55,000 pounds in the trailer it still gets to speed faster than a regular truck. I have no basis for comparison, but it seemed very smooth and quieter than I would have thought. We headed out on I75 and cruised along at 70 mph. Again it was very quiet. The automatic transmission shift points were almost unnoticeable. I can see where this truck would make anyone a better driver.I would recommend anyone who is an accredited investor to seriously consider getting on the ePower train before it leaves the station. It will be a few years before they really take off, but there is no doubt in my mind that it will happen.